One of the positive takeaways from today’s GDP report appears to be the resilient consumer. But digging deeper into that theory suggests there’s some cause for concern.
Consumer spending rose at a 3.2% rate in the first quarter, the best pace since late 2010. Spending on durable-goods items — such as cars and dishwashers — jumped, as did spending in the construction sector.
But considering Americans were hit by higher taxes and [...]
At least 300 people have been evacuated after a cargo train derailed in Russia’s south with 17 tanks carrying oil products running off the track. At least 6 cars have caught fire.
DETAILS TO FOLLOW
KANSAS CITY, Kan. — The Kansas Highway Patrol said a 26-year-old woman not only fell out of a party bus Saturday night on Interstate 35, but three cars ran over her as her friends watched in horror.
“We had cars on the right and the left hand side. There was nothing we could do. We hit her,” said Jeanette Hernandez, a witness to the incident.
Scout camera video captured the deadly scene [...]
A sinkhole measuring nearly 85 meters wide and 15 meters deep engulfed three houses in a town outside Russia’s fifth-largest city Nizhny Novgorod as some residents of the small village were slumbering.
One of the houses in the town of Buturlino was completely demolshed. Residents managed to escape the building a few minutes before it literally collapsed like a house of cards on Wednesday night.
“I just barely left the house as [...]
Reuters live stream now showing bridge over Yalu river between China & NK
100s more fleeing moments ago!
Contingency in place for 16,000 Pinoys in Guam: DFA
MANILA – A contingency plan is already in place for Filipinos in Guam amid threats from North Korea.
“Our consulate in Guam also has a contingency plan in case there is a need to repatriate our people there,” Department of Foreign Affairs (DFA) spokesman Raul Hernandez said.
April 4, 2013
At least 52 people have drowned in their homes and cars, or were electrocuted as floods swamped Buenos Aires.
At least 46 died on Wednesday in and around the city of La Plata. Six deaths were reported a day earlier in Argentina’s capital.
Many people climbed onto their roofs in the pouring rain after storm sewers flooded forcing water into houses.
“It started to rain really hard in the evening, [...]
March 27, 2013
Cell phone footage showcasing various misdeeds perpetrated by the Omaha, Nebraska police department brought to light a number of questionable actions that took place during an arrest earlier this month.
The video, filmed by a vigilant neighbor and posted to YouTube last week, captures cars in the middle of being towed, and shows one officer put his arm around a man’s neck, slam him to the street and [...]
China is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening. The number one global economic superpower is in anadvanced state of decline, and the number two global economic superpower is becoming stronger with each passing day. Unless something truly dramatic happens, it is only a matter of time before China overtakes [...]
Nearly 11 million borrowers are underwater on their mortgages, owing more than their homes are worth, according to CoreLogic, and yet home equity lines of credit are suddenly on the rise again.
During the housing boom of the last decade Americans withdrew over $1 trillion in home equity. They did it through cash-out refinances, home equity loans, and home equity lines of credit. The latter allowed them to use their homes [...]
Police were on the scene of a multi-vehicle accident in Old Bridge, New Jersey on Thursday morning involving a school bus, a commuter bus and several cars.
All northbound lanes of US 9 were closed in the area.
An Academy bus crashed into a tree near US 9 near Route 516 as part of the crash in the 8 a.m. hour.
The impact was so violent that the tree ended up going through [...]
A state Superior Court judge said Thursday that search warrant affidavits for the cars and home of Sandy Hook Elementary School shooter Adam Lanza and his mother would stay sealed for another 90 days.
The judge’s order also covers the two other search warrants, for the 2010 Honda Civic Adam Lanza drove to the school and for Nancy Lanza’s 2009 silver BMW, which was parked in the garage attached to the [...]
NEW YORK (CBSNewYork) — Dogs are being stolen out of cars, yards, off sidewalks and even out of shelters at an alarming rate, according to the American Kennel Club.
“It only takes a minute for a theft to occur,” American Kennel Club spokeswoman Lisa Peterson told CBS 2?s Dave Carlin on Friday.
Making any pet owner think twice is surveillance video from last week that showed “Marley” the Cavalier King Charles Spaniel being [...]
Products of all types — cars, incandescent bulbs, your iPad and iPhone — are designed with planned obsolescence in mind. The need or desire to replace products quickly and a shorter product life-cycle are a consistent drain on wealth. In the previous generation, the latest television sets were big household expenses, just like they are today, but they stayed operational and sufficient for a couple of decades.
Texas Instruments is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances.
Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business, leading Wall Street to speculate that part of the company’s processor unit, called OMAP, could be sold.
The layoffs are equivalent to nearly 5 percent of the Austin, Texas-based [...]
November 6, 2012
Outside Chengdu, in central China, a 78 million square foot site has been determined for an unconventional sort of construction project. It will be a city built from scratch, for 80,000 people, none of whom will need a car to get around.
The “Great City” is a plan for an ambitious urban center designed to limit its residents environmental impact by producing clean energy, reducing waste, and [...]
When we build products at Uber, we want the user to have a great experience – convenient, classy and reliable. That means that our products are easy to use, that the service is available when you need it and that you have the information you need to use the service as you see fit.
During Halloween and New Year’s Eve last year, we turned on surge pricing to handle the extreme [...]
Approximately 16 of the $100,000+ Fisker Karma extended-range luxury hybrids were parked in Port Newark, New Jersey last night when water from Hurricane Sandy’s storm surge apparently breached the port and submerged the vehicles. As Jalopnik has exclusively learned, the cars then caught fire and burned to the ground.
Our source tells us they were “first submerged in a storm surge and then caught fire, exploded.” This wouldn’t be the first time the [...]
NEW YORK (CBSNewYork) — With New York City’s mass transit in the early stages of coming back on-line due to the overwhelming amount of damage caused by Hurricane Sandy, Mayor Michael Bloomberg is taking a proactive approach to keeping street traffic in Manhattan at a manageable level.
The mayor announced during his Wednesday afternoon press conference that effective Thursday morning there will be restrictions on cars entering the borough.
“I have ordered the four East River bridges [...]
As of 8:48 p.m. East Coast time, the tide height at New York Harbor at the Battery is 13.72 feet … and rising:
This is not only more than 7 feet above flood stage, but it has obliterated the previous record of 11.2 feet set in 1821.
The New York Times reported on cars floating down Wall Street, and there are numerous stunning photos of a very wet Manhattan.
Updates as they develop.
From The Burning Platform:
A CAR SAYS a lot about its owner, perhaps a lot more than the owner might suspect.
In an extensive examination of automated license-plate tracking technology, The Wall Street Journal reports that the new tracking devices have the capacity to do more than a one-shot confirmation whether a car is legally registered, but over time build a picture of the driver’s habits, travel routes, and destinations.
And there is [...]
MOUNT MORRIS TOWNSHIP, MI — The Mount Morris Township Beacon & Bridge gas station had traffic backed up nearly a half mile to I-475 today as itrolled back prices to $1.84 per gallon for the first 150 motorists.
The gas station announced early today that it would host a gas rollback event for the Americans for Prosperity-Michigan’s “Obama’s Failing Agenda” bus tour. The group said that the $1.84 per gallon price reflects [...]
“It’s our collateral, we want to be able to find our vehicle if someone’s not making their payments on it. This just happened to be a special situation where it served another purpose of being able to track the car and being able to retrieve it,” Thomas said.
If I suspected a GPS tracking device planted on my car, here’s the first 20 places I would think about looking for it:
POLICE IS WITHDRAWING, THE DEMONSTRATORS HAVE STOPPED THE CARS IN CENTRAL MADRID, THOUSANDS OF CITIZENS JOINING THE PROTEST!!!
LIVE FEED AT THE LINK: http://elpais.com/elpais/2012/09/26/videos/1348665200_408606.html?dont_use_this=1
A professional video and an absolute must see. It slams Romney and Obama.
GM gets a taxpayer bailout and now 70% of their cars are built outside the US.
Research and development is moving to China!
Cadillac sponsored a film about the founding of the Communist party…
Communist party buys GM plant in Michigan and is now the largest employer in town.
As usual folks, all you have to do is follow the money in [...]
China’s most powerful military leader, in an unusual public statement, last week ordered military forces to prepare for combat, as Chinese warships deployed to waters near disputed islands and anti-Japan protests throughout the country turned violent.
Protests against the Japanese government’s purchase of three privately held islands in the Senkakus chain led to mass street protests, the burning of Japanese flags, and attacks on Japanese businesses and cars in several cities. Some carried [...]
“HOW DOES IT WORK?
To buy bonds, the Fed essentially creates money from nothing, paying for its purchases by crediting the accounts of banks from which it buys the bonds. That’s a clue as to how it works — as money piles up in their Fed accounts, earning the paltry quarter-of-a-percentage point in interest that the Fed pays, banks may be keener to lend to companies and people. If companies use that [...]
Every day, one-third of the people of Copenhagen ride their bikes to work or school. Collectively, they cycle more than 750,000 miles daily, enough to make it to the moon and back. And city officials want even more people to commute, and over longer distances.
So a network of 26 new bike routes, dubbed “the cycling superhighway,” is being built to link the surrounding suburbs to Copenhagen.
Lars Gaardhoj, an official with [...]
Sunday, August 5, 2012
Police and fire departments are handling a shooting at a Sikh temple in Oak Creek, Wis., south of Milwaukee, where at least seven people, including the gunman, are dead, according to the Milwaukee Journal-Sentinel and other news organizations. At least three people, including a police officer who exchanged shots with the suspect, have been injured and taken to a hospital.
Police have finished sweeps inside the [...]